Wipro Ltd – Is the Stock Showing Strength in a Volatile Market?

Wipro Ltd (NSE: WIPRO) is currently showing relative strength in a volatile market environment. The stock has taken strong support from the 50 EMA, indicating the bulls are defending key levels.

The recent price action suggests a potential trend continuation pattern, especially since it is holding above the breakout zone.

🔍 RSI is supportive, maintaining above neutral levels — hinting at sustained momentum.

💼 Despite broader market volatility, Wipro’s price structure is stable, and the volume patterns also show participation near key levels.

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🔍 Key Technical Levels:
• 📉 Immediate Support: 254
• 📈 Next Resistance: 266 / 308
• 🔄 Breakout Retest Zone: ~254-256
• ✅ RSI: Above 60 (Strength)

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Analysis By Mayur Jayant Takalikar --For
LEARNING & OBSERVATIONAL USE ONLY.


⚠️ Disclaimer:

I am not a SEBI-registered advisor. This post is purely for educational purposes and should not be treated as financial advice. Please consult a SEBI-registered financial advisor before making any investment decisions.